Knightsbridge Asset Management LLC Has $834,000 Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Knightsbridge Asset Management LLC increased its stake in Broadcom Inc. by 18.2% in the first quarter, owning nearly 5,000 shares valued at approximately $834,000.
• Broadcom's latest quarterly earnings surpassed estimates, with an EPS of $1.69 and revenues of $15.95 billion, marking a 22% year-over-year increase in revenue.
• The company declared a quarterly dividend of $0.59 per share, which corresponds to an annual yield of 0.7%, set to be paid out on September 30th.

Knightsbridge Asset Management LLC grew its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 18.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,982 shares of the semiconductor manufacturer's stock after buying an additional 767 shares during the quarter. Knightsbridge Asset Management LLC's holdings in Broadcom were worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AVGO. Dynamic Technology Lab Private Ltd bought a new position in Broadcom during the first quarter valued at approximately $2,532,000. Coordinated Financial Services Inc. CO bought a new stake in shares of Broadcom during the 1st quarter worth about $688,000. Temasek Holdings Private Ltd raised its stake in shares of Broadcom by 7.2% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,163,542 shares of the semiconductor manufacturer's stock valued at $529,672,000 after acquiring an additional 211,611 shares in the last quarter. Talon Private Wealth LLC lifted its holdings in Broadcom by 489.1% in the 1st quarter. Talon Private Wealth LLC now owns 13,833 shares of the semiconductor manufacturer's stock worth $2,375,000 after purchasing an additional 11,485 shares during the last quarter. Finally, Teza Capital Management LLC bought a new stake in Broadcom during the first quarter worth approximately $685,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Price Performance

Broadcom stock traded up $32.90 on Wednesday, reaching $369.57. The company's stock had a trading volume of 50,977,349 shares, compared to its average volume of 26,280,023. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The company has a market cap of $1.74 trillion, a price-to-earnings ratio of 94.28, a PEG ratio of 1.89 and a beta of 1.16. The business's fifty day moving average price is $294.92 and its 200 day moving average price is $238.95. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $372.97.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business's revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. Broadcom's payout ratio is currently 60.20%.

Insider Buying and Selling

In other Broadcom news, Director Gayla J. Delly sold 3,000 shares of the business's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total value of $795,390.00. Following the transaction, the director owned 33,352 shares of the company's stock, valued at approximately $8,842,615.76. The trade was a 8.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 117,758 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $252.91, for a total value of $29,782,175.78. Following the transaction, the chief executive officer directly owned 1,014,152 shares in the company, valued at $256,489,182.32. This trade represents a 10.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 820,516 shares of company stock valued at $214,757,657. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AVGO. Argus upped their price target on shares of Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a report on Monday. Bank of America raised their price objective on Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. boosted their price objective on Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Sanford C. Bernstein increased their price target on shares of Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Finally, Mizuho lifted their price objective on Broadcom from $320.00 to $355.00 and gave the company an "outperform" rating in a report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Broadcom has a consensus rating of "Buy" and a consensus target price of $351.92.

About Broadcom

Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.